The allocation of an additional 9 billion euros in a two tranche transaction under the NextGenerationEU recovery instrument decided by the European Commission .

This is the ninth syndicated transaction under NextGenerationEU and the fourth for 2022. The transaction concerns new three-year bond amounting to 6 billion euros which expires on July 4, 2025 and continuous issuance of the existing 30-year bond amounting to 3 billion. euro expiring on July 6, 2051. This is the first three-year bond issued by the Commission as part of its diversified financing strategy. With this transaction, the Commission's bond issues now cover the entire range of maturities (from 3 to 30 years).

Investors showed great interest in these transactions. The 30-year bond is more than 16 times oversubscribed, with offers that exceed 48 billion euro. Which makes this issue the most oversubscribed NextGenerationEU transaction to date. The Commission will continue to use the funds raised to support Europe's recovery and resilience. As well as for the financing of the member states in the context of the Recovery and Resilience Mechanism and in the context of other programs.

Johannes Hahn, Commissioner for Budget and Administration on NextGenerationEU

"The successful completion of the transaction is further proof of the interest the EU is attracting as an issuer, even in unstable markets. The funds raised continue to be used for citizens , the businesses and EU communities, thus supporting Europe's recovery and resilience." With this new transaction, the Commission has issued 111 billion euros in long-term financing under the NextGenerationEU programme. €23 billion of this have been issued in the form of NextGenerationEU green bonds. From January 2022, the Commission has collected 40 billion euros under NextGenerationEU. This amount covers 80% of the funding target of 50 billion euro. An amount provided under the programme for thefirst six months of the year.